Community Financial System, Inc. (NYSE:CBU) Announces Quarterly Dividend of $0.47

Key Points

• Community Financial System, Inc. announced a quarterly dividend of $0.47 per share, with the ex-dividend date set for December 12th and a yield of 3.3% based on the current stock price.
• The company has a payout ratio of 38.8%, indicating its dividend is well-covered by earnings, with expected future earnings of $4.80 per share.
• Analysts have varied ratings on the stock, with a consensus price target of $68.00 and a general rating of "Moderate Buy," while recent earnings missed analysts' expectations.

Community Financial System, Inc. (NYSE:CBU - Get Free Report) announced a quarterly dividend on Wednesday, October 15th. Investors of record on Friday, December 12th will be given a dividend of 0.47 per share by the bank on Monday, January 12th. This represents a c) dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Friday, December 12th.

Community Financial System has a payout ratio of 38.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect Community Financial System to earn $4.80 per share next year, which means the company should continue to be able to cover its $1.84 annual dividend with an expected future payout ratio of 38.3%.

Community Financial System Trading Down 1.6%

Community Financial System stock opened at $57.55 on Thursday. The stock has a market cap of $3.04 billion, a PE ratio of 15.68 and a beta of 0.77. The stock has a 50-day moving average price of $58.70 and a 200 day moving average price of $56.72. Community Financial System has a 52 week low of $49.44 and a 52 week high of $73.39. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.38.

Community Financial System (NYSE:CBU - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The bank reported $0.97 EPS for the quarter, missing analysts' consensus estimates of $1.03 by ($0.06). The company had revenue of $199.30 million for the quarter, compared to analysts' expectations of $201.93 million. Community Financial System had a return on equity of 10.71% and a net margin of 19.91%.The company's revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.95 EPS. Equities research analysts predict that Community Financial System will post 4.18 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have issued reports on CBU. Keefe, Bruyette & Woods decreased their price target on Community Financial System from $69.00 to $67.00 and set a "market perform" rating on the stock in a research note on Wednesday, July 23rd. Wall Street Zen raised Community Financial System from a "sell" rating to a "hold" rating in a research note on Saturday, October 11th. Finally, Weiss Ratings reissued a "hold (c+)" rating on shares of Community Financial System in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $68.00.

About Community Financial System

Community Bank System, Inc operates as the bank holding company for Community Bank, N.A. that provides various banking and other financial services to retail, commercial, institutional, and municipal customers. It operates through three segments: Banking, Employee Benefit Services, and All Other. The company offers various deposits products, such as interest and noninterest -bearing checking, savings, and money market deposit accounts, as well as time deposits.

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